How To Fix FARR_RAI769 - Accounting principle and company code have to be entered.

SAP Error Message - Details

• Message type: E = Error

• Message class: FARR_RAI - Revenue Accounting Item

• Message number: 769

• Message text: Accounting principle and company code have to be entered.

Self-Explanatory Message

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To make things easier, more detailed information is frequently added to describe the issue, how to fix it, and the necessary steps or configuration modifications.

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Smart SAP Assistant

• What is the cause and solution for SAP error message FARR_RAI769 - Accounting principle and company code have to be entered. ?

  The SAP error message FARR_RAI769 indicates that when you are trying to perform a transaction related to Asset Accounting (FI-AA), the system requires both an accounting principle and a company code to be specified. This error typically occurs in the context of asset transactions, such as asset acquisition, transfer, or retirement.
  Cause:
  
  Missing Data: The accounting principle and company code fields are either not filled in or are incorrectly configured in the transaction you are trying to execute.
  Configuration Issues: The system may not be properly configured to recognize the accounting principles associated with the specified company code.
  Transaction Type: The transaction type you are using may require specific settings that have not been defined in the system.
  
  Solution:
  
  Check Input Fields: Ensure that both the accounting principle and company code are entered correctly in the transaction screen. These fields are usually mandatory for asset-related transactions.
  Configuration Settings:
  
  Go to the configuration settings in SAP (Transaction SPRO).
  Navigate to Financial Accounting (New) > Asset Accounting > Integration > Define Accounting Principles.
  Ensure that the accounting principles are correctly assigned to the relevant company codes.
  
  
  Transaction Type Settings: Verify that the transaction type you are using is correctly configured to work with the specified accounting principles and company codes.
  User Authorizations: Ensure that the user executing the transaction has the necessary authorizations to access the accounting principles and company codes.
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes in Asset Accounting, such as AS01 (Create Asset), AS02 (Change Asset), and AS03 (Display Asset).
  SAP Notes: Check for any SAP Notes related to this error message for potential patches or updates that may resolve the issue.
  Training and Documentation: Consider reviewing training materials or documentation related to Asset Accounting in SAP to better understand the configuration and transaction processes.
  
  By following these steps, you should be able to resolve the error message FARR_RAI769 and successfully complete your asset accounting transactions.